Lingfeng Precious Metals: Why GoldkIs the line chart so important?

staygoldIn trading, investors must learn to look at goldkA line chart is used to conduct a more comprehensive analysis of the market, timely grasp trading signals, and obtain ideal investment returns.

Currently, based on goldkThe calculation period of a line chart can be divided into dayskLine, weekkLine, MonthkLine, YearkLine. Among them, ZhoukThe line is drawn based on Monday's opening price, Friday's closing price, the highest and lowest prices of the weekkLine diagram. monthkThe line is drawn based on the opening price on the first trading day of a month, the closing price on the last trading day, and the highest and lowest prices of the monthkLine chart, similarly, can be inferred as yearkLine definition.

However, if it is a short-term investment, many analysis software provide5minutekLine15minutekLine30minutekLines and other materials have more reference significance; If you are a long-term investor, you can observe the weekkLine or monthkFind the trajectory of gold price changes and obtain trading signals from the line.

When goldkThe week of the line chartkLine And monthkWhen the line is at a relatively low level, it means that there is buying, but whether buying is awesome still depends on the subsequent trend;

WhenkWhen the line is at a relatively high level, investors need to carefully observe and distinguish whether the main force's next action is to wash the market or sell out, to avoid being misled by illusions; IfkIf the amplitude of the line is small, investors need to wait patiently and pay attention to whether there are any iconic or warning signskLine appears, then analyze the following trends in detail. However, analyzing goldkWhen using a line chart, it is not enough to simply copy and apply it, but rather to analyze the trend chart of spot gold comprehensively.

Overall, there is a certain pattern in gold investment, and analyzing goldkA line chart can help investors find patterns, even if it's only from goldkIt's difficult to grasp all the lines on the chart, but it doesn't matter much. Investors just need to start with goldkJust find the appropriate information in the line graph. Lingfeng Precious Metalsigoldhk.comAffiliated to a subsidiary of Lingfeng Group,Having good professional knowledge and service level,Provide professional comprehensive financial services such as global financial information, live investment strategies, technical guidance on spot gold, and gold investment and trading guides.